A developer plans to buy a parcel of land and construct an office building on top of it. He narrows his search to two possible lots in adjacent states with convenient access to highways. The expected returns from Lots C and D are $190,000 and $210,000, respectively.

 What is the opportunity cost of funds the developer uses to purchase Lot D?

Answer rating: 100% (QA)

The opportunity cost of funds used to purchase Lot D ... View the full answer